Company Information

Get to know MemberClose

Founded in 2004, MemberClose is a technology company that offers a comprehensive platform for credit unions to streamline their real estate lending operations. The platform bundles a wide range of settlement services, including credit reports, flood determinations, appraisals, title insurance, and closing services, from a network of national vendors. The company's mission is to empower credit unions to compete more effectively in the mortgage market by providing cost-effective, efficient, and compliant lending solutions. In February 2022, MemberClose was acquired by Covius Holdings, a provider of technology-enabled solutions to the financial services industry, further enhancing its service capabilities.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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MemberClose

United States

Founded in

2004 (22 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.